bitcoinkeychain_main_3.png (1300×708)
Bitcoin prices aren't quite what they were in 2009.

In 2009, Norwegian student Kristoffer Koch was procrastinating from some school work when he came upon an offer to purchase some Bitcoin, the unregulated online currency that he (as well as much of the computer-literate population) knew very little about at the time. 

Intrigued by the idea of what he considered "fake money," he spent 150 kroner ($26.50 USD) on the stuff, and walked away with 5,000 bitcoins

He logged out of the exchange site and essentially forgot about the purchase, until, of course, Bitcoin became the biggest thing on the Internet this spring.

Reminded of his purchase, Koch rummaged up his bitcoin password and logged into his bitcoin banking site. Once in, he learned that his $26.50 investment had grown into an $885,520 USD value. 

He was rich and didn't even know it. His girlfriend, who'd given him more than enough crap for "buying a lot of technical little things that [he] never had time to use," had her foot planted firmly in her mouth.

Koch cashed one-fifth of his 5,000 bitcoin and used the money to buy an apartment in Toyen, one of the wealthiest neighborhoods in Oslo. And his girlfriend, he says, now believes he "should be allowed to buy the things I want."

H/T Photo by dahlstroms/flickr (remix by Fernando Alfonso III)

Promoted Stories Powered by Sharethrough
Samsung's response to a customer whose phone caught fire only made things worse
Damage control is a tricky thing: One wrong move can make a small crisis exponentially worse. Such is the case for Samsung, which moved to suppress YouTube evidence that its Galaxy S4 smartphone can catch fire for no reason at all, only to have the original poster call the company out for it in a second video that received five times as many views as the first.
FBI seizes $28.5 million in Bitcoin from alleged Silk Road owner
After weeks of speculation about what will happen to the millions of dollars made at the Deep Web black market Silk Road, the FBI has just taken a big step toward its goal of confiscating the now-shuttered site’s entire stash.
The Latest From Daily Dot Video

Pure, uncut internet. Straight to your inbox.

Thanks for subscribing to our newsletter!